US homebuilding dips, but year best since ’07

Published January 17, 2014 3:29pm ET



WASHINGTON (AP) — U.S. home construction slowed in December but ended 2013 with the best showing since the housing bubble burst.

The Commerce Department said Friday that builders broke ground last month at a seasonally annual rate of 999,000. That’s 9.8 percent lower than November’s pace of 1.12 million, which was the fastest in five years.

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